The stock of OneBeacon Insurance Group, Ltd. (NYSE:OB) hit a new 52-week high and has $24.73 target or 57.00% above today’s $15.75 share price. The 7 months bullish chart indicates low risk for the $1.52B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $24.73 price target is reached, the company will be worth $866.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.89% or $0.59 during the last trading session, hitting $15.75. About 138,510 shares traded hands or 117.19% up from the average. OneBeacon Insurance Group, Ltd. (NYSE:OB) has risen 25.39% since April 11, 2016 and is uptrending. It has outperformed by 19.25% the S&P500.
According to Zacks Investment Research, “OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company. Their underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident; commercial surety; crop; design professionals; entertainment; environmental; excess property; financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom.”
More recent OneBeacon Insurance Group, Ltd. (NYSE:OB) news were published by: Prnewswire.com which released: “OneBeacon Reports $10.93 Book Value Per Share” on November 02, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 08, 2011. Businesswire.com‘s news article titled: “A.M. Best Affirms Ratings of White Mountains Insurance Group, Ltd., OneBeacon …” with publication date: October 30, 2015 was also an interesting one.
OB Company Profile
OneBeacon Insurance Group, Ltd. (OneBeacon), incorporated on July 17, 2006, through its subsidiaries, is a specialty property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s divisions include Specialty Products, Specialty Industries, and Investing, Financing and Corporate. The Specialty Products segment consists of over 10 underwriting operating divisions representing an aggregation based on those that offer products, coverages and services to clients across the United States. The Specialty Industries segment consists of over six underwriting operating divisions representing an aggregation based on those that focus on solving the needs of a particular customer or industry group. The Investing, Financing and Corporate segment includes the investing and financing activities for OneBeacon on a consolidated basis, and certain other activities conducted through the Company and its intermediate subsidiaries. The Firm offers its services and products through a network of approximately 2,400 independent agents, regional and national brokers, wholesalers and managing general agencies.
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